Anheuser-Busch InBev SA/NV (NYSE:BUD) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) from a neutral rating to a buy rating in a research report sent to investors on Monday, MarketBeat.com reports.

Separately, TD Cowen decreased their price objective on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an outperform rating on the stock in a report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $72.13.

Anheuser-Busch InBev SA/NV Stock Down 1.1 %

Shares of NYSE BUD opened at $59.48 on Monday. The business has a 50-day simple moving average of $61.83 and a two-hundred day simple moving average of $62.20. Anheuser-Busch InBev SA/NV has a 52 week low of $51.66 and a 52 week high of $67.49. The company has a market cap of $106.90 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.41 and a beta of 1.12. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. The firm had revenue of $14.55 billion for the quarter, compared to analysts’ expectations of $14.43 billion. During the same quarter last year, the firm posted $0.65 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. Research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.42 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 6th were given a $0.8722 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a yield of 1.1%. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. Anheuser-Busch InBev SA/NV’s payout ratio is presently 27.31%.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

Hedge funds have recently made changes to their positions in the business. DAVENPORT & Co LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 25.9% during the fourth quarter. DAVENPORT & Co LLC now owns 1,507,181 shares of the consumer goods maker’s stock valued at $97,415,000 after buying an additional 309,977 shares during the period. SG Americas Securities LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 232.4% during the fourth quarter. SG Americas Securities LLC now owns 25,052 shares of the consumer goods maker’s stock valued at $1,619,000 after buying an additional 17,516 shares during the period. Capital International Investors grew its stake in Anheuser-Busch InBev SA/NV by 0.9% in the fourth quarter. Capital International Investors now owns 2,124,860 shares of the consumer goods maker’s stock worth $137,447,000 after purchasing an additional 18,280 shares during the period. Simplicity Wealth LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the first quarter worth $1,604,000. Finally, Perpetual Ltd grew its stake in Anheuser-Busch InBev SA/NV by 13.7% in the first quarter. Perpetual Ltd now owns 127,155 shares of the consumer goods maker’s stock worth $7,736,000 after purchasing an additional 15,364 shares during the period. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.